BENGALURU: Finance Management is perhaps the most daunting term in everyone’s day to day routine. Many a times we come across situations where we regret for our extra expenses. Managing personal finance depends on your decision making. Whether your financial habits ruin you or place you in the new heights - It’s all in your hand.

Ups and downs in finances are a common event that incurs in every individuals life at any moment. Below is the list for the 5 money habits that you must get rid of compilled from the database of the Financial Express:

No Budgeting: If you avoid budgeting your expenses, you will lose control over your cash flows. It is always advised to prepare a budget plan before you start spending.

List all mandatory payout that you need to make in a month. Categorize it into different sections like food and beverages, bills, entertainment etc. Remember to pay all your bills on time to avoid penalty charges.

You can enjoy a smooth cash flow only if you make a proper budget plan and follow it honestly while making expenditures. You can find many online financial apps that will help you in making a proper budget plan.

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